Victory Capital Management Inc. Has $38.82 Million Holdings in Ryder System, Inc. (NYSE:R)

Victory Capital Management Inc. lessened its position in shares of Ryder System, Inc. (NYSE:R - Free Report) by 12.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 269,914 shares of the transportation company's stock after selling 37,160 shares during the quarter. Victory Capital Management Inc. owned approximately 0.65% of Ryder System worth $38,816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Ryder System in the first quarter valued at $26,000. Kapitalo Investimentos Ltda bought a new stake in shares of Ryder System during the fourth quarter worth $59,000. Curat Global LLC bought a new stake in shares of Ryder System during the first quarter worth $55,000. New Age Alpha Advisors LLC bought a new stake in shares of Ryder System during the fourth quarter worth $86,000. Finally, Group One Trading LLC grew its holdings in shares of Ryder System by 553.0% during the fourth quarter. Group One Trading LLC now owns 653 shares of the transportation company's stock worth $102,000 after purchasing an additional 553 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company's stock.

Insider Activity at Ryder System

In other Ryder System news, Director E Follin Smith sold 1,243 shares of Ryder System stock in a transaction on Monday, May 5th. The stock was sold at an average price of $144.38, for a total value of $179,464.34. Following the completion of the transaction, the director directly owned 39,802 shares of the company's stock, valued at $5,746,612.76. The trade was a 3.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert E. Sanchez sold 18,496 shares of Ryder System stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $155.73, for a total value of $2,880,382.08. Following the completion of the transaction, the chief executive officer directly owned 40,824 shares of the company's stock, valued at $6,357,521.52. This represents a 31.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company's stock.

Analyst Ratings Changes

R has been the topic of several research reports. Robert W. Baird initiated coverage on Ryder System in a research note on Tuesday, July 1st. They set an "outperform" rating and a $186.00 price target on the stock. Wolfe Research raised Ryder System from a "peer perform" rating to an "outperform" rating and set a $159.00 price target on the stock in a research note on Tuesday, July 1st. Stephens cut their price target on Ryder System from $168.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Susquehanna assumed coverage on Ryder System in a research note on Tuesday, July 15th. They issued a "positive" rating and a $215.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their target price on Ryder System from $165.00 to $173.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $179.43.

Ryder System Stock Down 1.3%

NYSE:R opened at $169.76 on Friday. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 14.80 and a beta of 0.97. Ryder System, Inc. has a twelve month low of $123.36 and a twelve month high of $177.40. The stock's 50 day moving average price is $158.17 and its two-hundred day moving average price is $153.23. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.21.

Ryder System (NYSE:R - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The transportation company reported $2.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.40 by $0.06. Ryder System had a return on equity of 17.64% and a net margin of 3.96%. The company had revenue of $3.13 billion during the quarter, compared to analysts' expectations of $3.17 billion. During the same period last year, the firm posted $2.14 earnings per share. The business's revenue was up 1.1% on a year-over-year basis. Equities research analysts expect that Ryder System, Inc. will post 13.68 earnings per share for the current fiscal year.

Ryder System Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Monday, August 18th will be issued a dividend of $0.91 per share. This is a boost from Ryder System's previous quarterly dividend of $0.81. This represents a $3.64 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Monday, August 18th. Ryder System's dividend payout ratio (DPR) is presently 28.25%.

Ryder System Profile

Ryder System, Inc operates as a logistics and transportation company worldwide. It operates through three segments: Fleet Management Solutions (FMS), Supply Chain Solutions (SCS), and Dedicated Transportation Solutions (DTS). The FMS segment offers full-service leasing and leasing with flexible maintenance options; commercial vehicle rental services; and contract or transactional maintenance services of trucks, tractors, and trailers; access to diesel fuel; and fuel planning and tax reporting, cards, and monitoring services, and centralized billing, as well as sells used vehicles through its retail sales centers and www.ryder.com/used-trucks website, as well as digital and technology support services.

Want to see what other hedge funds are holding R? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryder System, Inc. (NYSE:R - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.